Chapter 20 - Assignment 2: Marginal Tax Rates and Phaseouts
Read Michael R. McEvoy's article entitled: "Congress Should Aim to Phase Out the Phaseouts."
- What is a "phaseout?"
- How do phaseouts affect marginal tax rates?
- Summarize McEvoy's arguments against the use of phaseouts. Why might an increase in marginal tax rates be preferable?
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